Wednesday, January 25, 2017

The ECB has already approved the first eight names to the Box – Jornal de Negócios – Portugal

Paulo Macedo and the team of managers executives that will lead to the administration of the Caixa Geral de Depósitos, as well as the name of Rui Vilar, have received final authorization from the European Central bank to take over functions in the State bank, confirmed the Business.

These eight responsible should take on roles in the next few days. According to the newspaper Echo, Macedo and his team should enter in the Box in the next few days.

These are the first eight names of a team that, after being complete, you should have a total of 16 members, nine of which with non-executive roles. In this first phase, the GBD will be only with a non-executive director, Rui Vilar.

however, it is expected that, already in February, the ECB may authorise four more names for places and non-executive directors, the evaluation of which has already been requested. Concerned are managers with experience in the supervision and in the management of companies.

in addition, Paulo Macedo intends to gather four more non-executive directors with experience in international banking. This last part of the team is not yet complete, as there is the need to avoid excess accumulation of offices and other conflicts of interest, to which the ECB can authorize these names.

For already, will take on the roles of all executive members. Paulo Macedo, the former vice-president of the BCP, and was joined by José João Guilherme, the former administrator of the BCP and of the New Bank; Francis Cary, who was in the management of the New Bank; Maria João Carioca, who led the Euronext Lisbon during the six months after leaving the management of the GBD; John Tudela Martins, who joined the team from the Box with António Domingues José Brito, central director of the CGD, with the area of financial markets, and Nuno Martins, deputy assistant secretary of State of Treasury and Finance.

In a statement to newsrooms, the Ministry of Finance has confirmed that the ECB ‘concluded today the process of assessment of the suitability and adequacy” of such names. The note sent by the Ministry headed by Mário Centeno is that these elements will functions already from the 1st of February, for a tenure expected to last between the years of 2017 and 2020.

(News updated at 18:45 with information about the names that will take on functions)